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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

12. SUBSEQUENT EVENTS

 

ASC 855-16-50-4 establishes accounting and disclosure requirements for subsequent events. ASC 855 details the period after the balance sheet date during which we should evaluate events or transactions that occur for potential recognition or disclosure in the financial statements, the circumstances under which we should recognize events or transactions occurring after the balance sheet date in its financial statements and the required disclosures for such events.

 

In the second quarter ended June 30, 2022, the Company issued a total of 184,393,519 restricted common stock. The issued 105,538,417 of restricted common stock in lieu of $1,478,597 debt or notes payable and 78,855,102 of restricted common stock for $379,493 of accounts payable for services.